Eag Information

The creation of the group coincided with the launch of efforts to create conditions for the formation and development of effective anti-money-laundering systems in the region. The initiative to establish the EAG was first announced by the Russian Federation at the Plenary Meeting of the FATF in October 2003. In February 2004 the issue was addressed at an international meeting of the Cooperation of CIS Member-States in Combating Money Laundering and Terrorist Financing with the participation of the CIS countries and China, as well as several international organizations. The initiative received support from the Council of Ministers of Foreign Affairs of the CIS which recommended that the countries concerned hold a founding conference to create an FATF-style group regional. The founding conference was held in Moscow on October 6, 2004 and was attended by six founding countries: Belarus, Kazakhstan, China, Kyrgyzstan, Russia and Tajikistan. In 2005 and 2010 the group was expanded to include Uzbekistan (2005), Turkmenistan (2010) and India (2010) which previously had observer status. The Agreement on the Eurasian Group on Combating Money Laundering and Financing of Terrorism was signed in Moscow in June 2011, granting the EAG the status of a regional intergovernmental organization. Today the EAG brings together nine countries in the region (Belarus, China, India, Kazakhstan, Kyrgyz Republic, Russia, Tajikistan, Turkmenistan, Uzbekistan). Observer status has been granted to 15 countries and 20 international organizations. The primary goal of the EAG is to ensure effective interaction and cooperation at the regional level and integration of EAG member-states into the international system of anti-money laundering and combating financing of terrorism in accordance with the Recommendations of the FATF and the anti-money laundering and combating financing of terrorism standards of other international organizations, to which EAG member-states are party. The main tasks of the EAG: • assisting member-states in implementing ...